Richard Todd Schwartz, the chief executive officer of Rush Street Interactive, Inc. (NYSE:RSI), sold 247,114 shares of Class A common stock on February 17, 2026, in a transaction valued at $4.1 million. The disposition was carried out under a pre-arranged 10b5-1 trading plan and was executed at a weighted average price of $16.8151 per share, with individual trade prices recorded between $16.09 and $17.06.
Following the sale, Schwartz retains direct ownership of 701,934 shares of Rush Street Interactive. The shares have since climbed to $18.66, a rise of nearly 11% from the weighted sale price, and the stock is reported to have posted a 16% gain over the past week.
An InvestingPro analysis included with the company commentary indicates that RSI appears undervalued at current levels and carries a "GREAT" financial health score. The analysis also flags that the stock trades with high volatility, a factor highlighted as part of a broader Pro Research Report.
Operational and growth metrics released by the company underpin recent analyst commentary. Rush Street Interactive reported fourth-quarter results that exceeded expectations and issued guidance for 2026 above consensus estimates. Notably, North American iCasino monthly active users expanded by 51% year-over-year during the fourth quarter despite the company not entering any new markets during the period. Across 2025, the company’s monthly active user growth accelerated, finishing the year up 37%.
Benchmark has kept a Buy rating on Rush Street Interactive with a price target of $24.00, calling attention to the company’s casino-first strategy and operational efficiency. Benchmark’s comments also included an assessment of the impact from changes in Colombia’s tax framework, which the firm estimates reduced Rush Street Interactive’s 2025 revenue by roughly $70 million and lowered adjusted EBITDA by $25-30 million.
Citizens (Citi) upgraded Rush Street Interactive to Market Outperform from Market Perform and set a $24.00 price target, citing a robust online gaming business model and an impressive geographic footprint. In related sector commentary, Citizens reiterated its Market Outperform rating for Caesars Entertainment with a $37.00 price target, noting continued positive sentiment amid conversations about how betting exchanges could affect traditional gambling operators.
This combination of insider selling under an established trading plan, outperformance on the quarterly results, upward guidance and analyst support creates a mixed set of signals for investors evaluating RSI. The company’s user growth and analyst price targets sit alongside warnings around volatility and the documented hit to 2025 results from the change in Colombia’s tax treatment.
Key takeaways:
- CEO Richard Todd Schwartz sold 247,114 shares on February 17, 2026, for $4.1 million under a 10b5-1 plan; he now directly owns 701,934 shares.
- Rush Street Interactive reported Q4 results above expectations and issued 2026 guidance above consensus while reporting a 51% year-over-year increase in North American iCasino monthly active users in Q4.
- Analysts from Benchmark and Citizens have maintained or raised positive ratings with $24 price targets; InvestingPro analysis labels RSI as undervalued and financially strong but highly volatile.
Risks and uncertainties:
- High share-price volatility noted by InvestingPro could increase trading risk for investors in the online gaming sector.
- Changes in tax frameworks can materially affect revenue and adjusted EBITDA, as evidenced by Benchmark’s estimate that Colombia’s tax changes reduced 2025 revenue by approximately $70 million and adjusted EBITDA by $25-30 million - a risk for operators with geographic exposure.
- Structural market shifts, such as potential impacts from betting exchanges on traditional gambling operators, remain an open question cited by analysts and could influence competitive dynamics across the gaming and leisure sector.